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Dry Good

Tractor Supply - Owensville, MO

1208 Hwy 28, Owensville, MO 65066

Listing Price: $2,037,000

Cap Rate
6.00%
Tenant Name
Tractor Supply Co
Years Remaining On Lease
13.7
Gross SF
37,895
Guarantor
No Guarantee
Rentable SF
37,895
Price/Gross SF
$53.75
Lease Type
Double Net
Rent Per Square Feet
$3.22

Investment Overview

Marcus & Millichap is Pleased to Present for Sale Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri. Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038. Minimal Competition – No Other National Rural Lifestyle Retailer in the Vicinity; Walmart is Only Real Local Competitor. Located Along Highway 28 – Owensville’s Primary Arterial.

Investment Highlights

  • Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri
  • Extremely Low 2.8 Percent Rent-to-Sales Ratio; Reported Strong Sales of $4.34 Million in 2023
  • Low Rent of Only $3.22 per Square Foot; Offered Well-Below Replacement Cost at $54 per Square Foot
  • Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038
  • TSCO is Currently in Process of Store Rebranding & Remodel, Further Demonstrating Strong Commitment
  • 5 Percent Rent Increase in 2030 and 10 Percent Rent Increase in 2035; +93 bps to CAP Rate by End of Current Term
  • Minimal Landlord Responsibilities – Mostly Roof/Structure; Tenant Self-Maintains HVAC, Parking Lot, Common Area Maintenance and Insurance, Reimburses Taxes
  • Located Along Highway 28 – Owensville's Primary Arterial

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Dry Good

Tractor Supply - Owensville, MO

Listing Price: $2,037,000

Cap Rate
6.00%
Tenant Name
Tractor Supply Co
Years Remaining On Lease
13.7
Gross SF
37,895
Guarantor
No Guarantee
Rentable SF
37,895
Price/Gross SF
$53.75
Lease Type
Double Net
Rent Per Square Feet
$3.22

Investment Highlights

  • Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri
  • Extremely Low 2.8 Percent Rent-to-Sales Ratio; Reported Strong Sales of $4.34 Million in 2023
  • Low Rent of Only $3.22 per Square Foot; Offered Well-Below Replacement Cost at $54 per Square Foot
  • Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038
  • TSCO is Currently in Process of Store Rebranding & Remodel, Further Demonstrating Strong Commitment
  • 5 Percent Rent Increase in 2030 and 10 Percent Rent Increase in 2035; +93 bps to CAP Rate by End of Current Term
  • Minimal Landlord Responsibilities – Mostly Roof/Structure; Tenant Self-Maintains HVAC, Parking Lot, Common Area Maintenance and Insurance, Reimburses Taxes
  • Located Along Highway 28 – Owensville's Primary Arterial

Investment Overview

Marcus & Millichap is Pleased to Present for Sale Tractor Supply Co. Double-Net Lease with 13.9 Years Remaining in Owensville, Missouri. Strong Commitment to Site Demonstrated via February 2024-Executed 10-Year Early Extension Taking Term into 2038. Minimal Competition – No Other National Rural Lifestyle Retailer in the Vicinity; Walmart is Only Real Local Competitor. Located Along Highway 28 – Owensville’s Primary Arterial.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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